Advait Infratech Limited announced the incorporation of its wholly owned subsidiary, A&G Hydrogen Technologies Private Limited.
This new entity, with an authorised capital of ₹1,00,000 divided into 10,000 equity shares of ₹10 each, marks a strategic expansion in Advait Infratech Limited’s commitment to green energy solutions. It was incorporated on July 26, 2024.
Advait Infratech Limited, the promoter of A&G Hydrogen Technologies Private Limited, has made a 100% initial subscription to the share capital in cash, underscoring its dedication to the growth and development of this new venture. A&G Hydrogen Technologies is classified as a related party due to its status as a wholly owned subsidiary of Advait Infratech Limited.
The primary objective of A&G Hydrogen Technologies is to engage in the manufacturing, assembling, and trading of green tech equipment and products. This includes providing essential solutions for Green Ammonia, Green Hydrogen, and Green Methanol projects. These projects are critical for offering clean and sustainable sources of feedstock and fuel, particularly for hard-to-decarbonise industrial sectors such as steel, petrochemicals, and refining.
Furthermore, A&G Hydrogen Technologies aims to forge key partnerships and joint ventures with international players across the Green Energy value chain. By doing so, the subsidiary seeks to provide a single-point integrated solution that meets market expectations and drives advancements in green technology.
This incorporation reflects Advait Infratech Limited’s proactive approach to addressing the global push towards sustainable energy. The establishment of A&G Hydrogen Technologies is expected to enhance the company’s capabilities in the green tech sector, positioning it as a key player in the evolving energy landscape. Through this strategic move, Advait Infratech Limited continues to advance its mission of contributing to a cleaner, greener future by leveraging cutting-edge technologies and fostering global collaborations.
About Advait Infratech Limited
Advait Infratech Ltd specialises in delivering products and solutions for power transmission, power substations, and telecommunication infrastructure. The company operates across several verticals, including turnkey telecommunication projects, installation services for power transmission and substations, and telecom products.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Jul 31, 2024, 3:24 PM IST
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